Abaxx Technologies Inc (NEO: ABXX and OTCQX: ABXXF), referred to simply as Abaxx for the remainder of this writeup, is a potentially high return on capital business that operates as a Regulated Market Operator (RMO) and Approved Clearing House (ACH) in Singapore.
It looks like you missed that abaxx tech owns 80% of abaxx tech and therefore 80% of their profits on top of the 3% revenue royalty. They also own 80% of the assets, including the Clearinghouse license, which is worth $250M minimum. If you include exchange profits, which will launch this quarter I don’t know how you conclude this is uninvestable.
I also see you claim there are plenty of exchange businesses out there. You may have also missed that abaxx owns a clearinghouse and that combo is lethal and RARE. Clearinghouses are an oligopoly.
Hey Nathan, thanks for reaching out. I appreciate the feedback. Where are you getting the $250 million valuation for the clearinghouse license? I didn't come across that number in the documents I read or podcasts/videos I watched about Abaxx.
You're right about clearinghouses. They can be great businesses.
Nice piece, reading for the first time post launch.. A good time to revisit!
Thanks for the comment. I agree with you. An update might be in order.
It looks like you missed that abaxx tech owns 80% of abaxx tech and therefore 80% of their profits on top of the 3% revenue royalty. They also own 80% of the assets, including the Clearinghouse license, which is worth $250M minimum. If you include exchange profits, which will launch this quarter I don’t know how you conclude this is uninvestable.
I also see you claim there are plenty of exchange businesses out there. You may have also missed that abaxx owns a clearinghouse and that combo is lethal and RARE. Clearinghouses are an oligopoly.
Hey Nathan, thanks for reaching out. I appreciate the feedback. Where are you getting the $250 million valuation for the clearinghouse license? I didn't come across that number in the documents I read or podcasts/videos I watched about Abaxx.
You're right about clearinghouses. They can be great businesses.
ICE to Buy Singapore Mercantile Exchange for $150 Million https://bloom.bg/1VLP9DL
In today’s dollars that’s $250M